Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls that exist in a system.
Correct Answer:
Verified
Q13: The test data technique requires minimal computer
Q14: Parallel simulation processes test data through real
Q15: A trace can produce thousands of output
Q16: Auditing activities undertaken during substantive testing of
Q17: Basic auditing standards may be altered by
Q19: GAS has a long history of usage
Q20: ITF is the one universal auditing approach
Q21: Development standards are major general controls in
Q22: IT governance has the objective of enhancing
Q23: Information system development audits are more common
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